Big Data equals big business for Singapore

[CityFarmer]

I always thought whether is businesses big enough to generate that sort of large datasets to warrant a big data solution in the first place and whether the insights are significant in the first place. Not everyone is a Google or Amazon.

At the moment, Starhub's initiative on Big Data is base on the data from its data center. The insights derived is not only useful to Starhub, but to other business owners as well.

[palantir]

One major catalyst for Big Data explosion has been the declining cost of data storage and processing. Moore's law in play. There is a rush by corporates into IT investments in the hope of harnessing valuable insights that can either improve their operations, lower cost to serve customers and even create new revenue streams. Tesco and its Clubcard had shown how data to insights can become a competitive advantage in a competitive landscape.

Having said that you can give your gf/wife the best cooking pans, but she probably can't cook up a 5 star dish. My wife will probably argue one does not need to be a good cook to be a good wife too- fair play. So back to big data, it is overrated to a certain extent till demonstrated by the user to possess the ability to derive big insights.

An interesting mega trend nonetheless.

Agreed. Anyone whom have done some data analytics know that the information derived is pretty irrelevant due to the dynamism of business environment.

It all depend on the models that the data scientist build to generate meaning information.